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Enron Mail |
This is an automatically generated Delivery Status Notification.
Your message has been successfully relayed to the following recipients, but the requested delivery status notifications may not be generated by the destination. ken.e.randolph@dynegy.com --------- Inline attachment follows --------- From: </O=ENRON/OU=NA/CN=RECIPIENTS/CN=RSHAPIRO< To: ken.e.randolph@dynegy.com Date: Friday, November 23, 2001 10:42:28 GMT Subject: Ken: I'm not sure where the acquisition of Enron by Dynegy is going( or not) ultimately, nor am I seeking any unique insights. Time and other cirumstances will dictate the outcome. Since we last spoke about layoffs in my group, the situation has grown worse...as of the moment, and assuming no further erosion, the North American group directly under my charge will shrink next week to 29 professionals and 5 support staff and a budget of $9.4 million dollars( down from $32.8 million dollars in 2001). In addition, Europe Government Affairs will likely shrink to no more than 3 professionals and a budget of approximately $750,000 dollars. The layoffs are slated for sometime in the upcoming week(week of November 26) with people departing the same day they are given notice. As you can imagine, this is a particularly painful process, especially since I hired most of these people as we were building what I considered and will always consider to be a world-class organization. We not only built a group of Government Affairs professionals who were talented, hard-working and who had many successes at opening energy markets, but who, also, with few exceptions, embodied a set of values; e.g; honesty, integrity, decency toward others( friend or foe) that were not always as plentiful throughout the Enron culture as many, including myself, would have hoped. To cut to the quick, I'm tired of the weight that burdens all of us who remain at Enron( I can explain this further) and am actively seeking a change in my personal circumstances.( Steve Kean knows I am looking, but doesn't know specifically about this note...I don't believe he would object given the context). I have thought long and hard about sending this note...it is not easily done. I have also thought about whether it will be percieved as abandonment of my group if I were to move on soon...This may be a rationalization, but after seeing through next week's layoffs, there is little left to do that has not already beeen done. I also believe that ( and you may talk to folks in my group for validation) I have done the very best I could for them over the last few months under challenging circumstances. Bottom line, my skills and personal network , that I believe are considerable, will be grossly underutilized at Enron over the next 6-9 months if I were to stay.( If the acquisition stays on track, this view may not be exactly right) I'd be happy to talk about this with you further if you so desire. In addition to my work #(713-853-3407) and e-mail, I can always be reached at home(936-321-7153). Thanks very much, Rick
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